By Michael Krieger: The following excerpts are from a transcript of a 1974 meeting held
by the then Secretary of State Henry Kissinger and his staff. This
particular meeting was held on April 25, and focused on an European
Commission Proposal to revalue their gold assets. What follows is an
incredible insight into the minds of powerful American leaders scheming
to maintain power and show other nations their place. What is most
significant is how clearly they understood that demonetizing gold was a
critical strategy to maintaining a dominant power position in the world.
So to those who continue to say that “gold doesn’t matter” because it hasn’t been used as an official asset in the monetary system for decades, I say give me a break. In fact, the reality of gold having been largely demonetized makes it an even greater threat going forward if the U.S. does not have all the gold it claims to, and other nations have more than they admit to.
So to those who continue to say that “gold doesn’t matter” because it hasn’t been used as an official asset in the monetary system for decades, I say give me a break. In fact, the reality of gold having been largely demonetized makes it an even greater threat going forward if the U.S. does not have all the gold it claims to, and other nations have more than they admit to.